Page 282 - Company News

Biocon launches Rs 4,500-crore QIP; to issue 11.6% of equity base

Biocon opens Rs 4,500-crore qualified institutional placement to repay debt, invest in Biocon Biologics and meet general corporate obligations

Mphasis signs Sixfold deal to boost underwriting through generative AI

Mphasis to integrate Sixfold's generative AI tools to help global insurers speed up underwriting, enhance accuracy and improve contextual risk decision-making

Macrotech Developers rebrands as Lodha Developers after dispute settlement

The rebranding follows an amicable resolution of a trademark dispute between Abhishek and Abhinandan Lodha over the use of the 'Lodha' name and associated assets

TCS partners with CEB to modernise bank's reconciliation systems

The new solution will automate the entire reconciliation lifecycle, providing real-time visibility and faster processing for the CEB

Rapido halts bike taxi services in Karnataka after high court order

In place of a bike taxi, users now see a "bike parcel" service

Vishal Mega Mart promoter to sell 10% stake via block deal to raise $588 mn

As per the latest stock exchange records, Samayat Services LLP currently owns a 74.5 per cent stake in the fashion-focused hypermarket chain

Reliance Industries sells 8.5 mn shares of Asian Paints for ₹1,876 cr

The share sale came days after Reliance Industries offloaded 3.50 crore equity shares or 3.64 per cent stake in Mumbai-based Asian Paints

HCLTech partners with E.ON to create private cloud infrastructure

HCLTech will create a private cloud platform for E.ON and manage its cloud and network infrastructure across global hyperscalers

Stricter internal controls, fund infusion on Ramkrishna Forgings' radar

Promoters to infuse Rs 204.75 crore at 3x market price via warrants as part of effort to offset accounting losses and strengthen internal controls and SAP processes

Lupin, Sino Universal sign agreement to launch Tiotropium DPI in China

Tiotropium DPI, known for improving lung function and quality of life in patients with respiratory diseases, supports the aim to expand access to quality healthcare solutions in China

Nazara launches Pokerverse VR, enters immersive gaming with poker

Developed by YesGnome and published by Nazara, Pokerverse VR is a multiplayer poker game built for Meta Quest and Apple Vision Pro as Nazara eyes immersive gaming growth

VinFast scales back India sales target, delays production and bookings

The rollout of VinFast's VF 7 and VF 6 models in India is expected to face a month's delay, attributed to the company's ongoing uncertainties around sales and distribution network in the country

Maruti Suzuki partners with ESAF Small Finance Bank for vehicle finance

The two partners have signed a Memorandum of Understanding for the purpose, which will focus on offering easy and flexible finance options tailored especially for first-time buyers, the company said

Tata Starbucks denies appointing Dolly Chaiwala as brand ambassador

Tata Starbucks stated on LinkedIn that it did not have any official brand ambassadors in India and specifically clarified that it had not entered into any collaboration with Dolly Chaiwala

Omaxe to invest ₹1,000 crore in integrated township near Golden Temple

Omaxe acquires 260 acres on GT Road to build a modern township with residential plots, commercial spaces, and infrastructure in Amritsar

Banga family's Caravel becomes biggest shareholder in Pacific Basin

Caravel disclosed a 7.5 per cent stake in late March, and since then it has steadily expanded its holding in Pacific Basin

SBI reduces interest rates by up to 50 bps following RBI's rate cut

With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 50 basis points to 7.75 per cent

TCS, Salling Group partner for IT transformation, AI-based cloud migration

TCS will deploy its AI-enabled cloud operations solution, Cloud Exponence, to deliver smart managed services in hybrid cloud environments and improve operational efficiency

NTPC working on 20 GW PSPs; aims to commission 5 GW by FY32: Official

NTPC Ltd is India's largest integrated power utility, contributing one-fourth of India's power requirements from diverse sources, including thermal, solar and wind

Karnataka imposes ban on bike taxi service, Rapido launches bike parcel

The order came after the Karnataka government confirmed it had taken a policy decision not to permit such operations, even as other apps like Ola and Uber continued to show the bike taxi option